1 Oct 2008drilling spud● Neutral
Elixir confirms Pompano Well #3 spudded 22 September 2008 and was at 3,005 ft preparing the 9 7/8-inch section. It targets four primary and two secondary sands next to successful Well #2. Elixir holds 25%.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
1 Oct 2008drilling spud● NeutralMajor
Buccaneer reports Pompano's third well, SL 103230 #4, spudded 22 September 2008. It was at 3,005 ft with caisson driven and upper hole sections cased. Target depth is about 8,380 ft, roughly four weeks. Elixir holds 25%.
22 Sept 2008drilling progress report● Neutral
Ike shut in both fields without platform damage; Pompano restarted 19 September, while High Island awaits export pipeline repairs. The rig reached Pompano and is preparing to drive the caisson for Well #3, about 25 days to drill. Elixir holds 25%.
22 Sept 2008drilling progress report● Neutral
Buccaneer reports the rig has begun operations on Pompano well SL 103230 #4, planned at 25 days to drill plus 22 to complete. Pompano production from the first two wells has restarted after the power outage.
16 Sept 2008drilling progress report● Neutral
Buccaneer says Hurricane Ike left Pompano infrastructure undamaged, but production was shut in after a third-party onshore compressor lost power on 13 September. The Hercules 152 rig is undamaged and expected to mobilise within 7 days.
4 Sept 2008drilling progress report● Neutral
Partner Buccaneer reports Hurricane Gustav did not affect its operations or the Hercules 152 rig contracted for the next Pompano well. The rig should reach Pompano in 10-14 days. Elixir holds 25%.
24 June 2008drilling scheduled▲ GoodMajor
Buccaneer says the operator has contracted a Hercules rig for third Pompano well SL 103230 #4, expected to spud late July 2008. It targets up to six sands in an adjacent fault block, with an option for a fourth well. Elixir holds 25%.
24 June 2008drilling scheduled▲ GoodMajor
Elixir says a rig is contracted for the third Pompano well, due on site late July 2008, with partners yet to approve the well proposal. Elixir expects May and June US net revenues above US$2.75m, a record.
22 May 2008resource reserve update▲ GoodMajor
Operator DNO booked a contingent resource for the Mulle oil accumulation in Block 211/22b: 17 MMboe most likely (36 MMboe high case). Elixir's 40% share is almost 7 million barrels. Partners will seek a farminee to fund a 2009 appraisal well, aiming for first oil by 2010.
16 May 2008resource reserve update▲ GoodMajor
Independent report gives Pompano's first two wells 2P reserves of 17.6 Bcf gas and ~48,200 bbl condensate (Elixir net 3.1 Bcf, before back-in). First sales cash received 14 May; next well to spud Q3 2008; Sierra Leone seismic ~60% done.
22 Apr 2008drilling progress report● Neutral
Elixir reports weather caused minor delays to perforation and testing of Pompano Well #2, now due to finish within about 48 hours. Production is still expected towards the end of April. Routine progress.
22 Apr 2008drilling progress report● Neutral
Buccaneer says flow testing on Pompano Well #2 is still running and should finish within 24-48 hours. Production is still expected at the end of April. Routine progress.
15 Apr 2008drilling progress report● Neutral
Elixir reports the dual string completion is run in Pompano Well #2 and perforation of the B, C and E sands is being prepared. Production is still expected toward the end of April. Routine progress.
15 Apr 2008drilling progress report● Neutral
Buccaneer reports the dual string completion is in Pompano Well #2 and perforation of the B, E and C sands is being prepared. Production is still expected at the end of April. Routine progress.
9 Apr 2008drilling result● Neutral
Elixir reports the F and G sands in Pompano Well #2 were not commercial in this fault block, though gas shows suggest potential elsewhere in the field. The well will be completed on the B and E sands, with production expected late April.
8 Apr 2008drilling result● Neutral
Buccaneer says Pompano Well #2 will be completed on the B and E sands, expected to produce 6-7 MMcf/d combined by end of April. The F and G sands were gas bearing but thin, so were not completed.
1 Apr 2008drilling progress report● Neutral
Buccaneer reports Pompano Well #2 drilling finished at 8,980 ft, with logs being run over the F and G sands. The operator thinks they were penetrated and the well is unlikely to go deeper. Routine progress.
1 Apr 2008drilling progress report● Neutral
Elixir reports Pompano Well #2 drilled to 8,980 ft, with the operator believing all target horizons have been penetrated and logging under way. Hydrocarbon sands found in the 6700, B, C and E sands. Routine progress.
28 Mar 2008drilling progress report● Neutral
Buccaneer reports Pompano Well #2 casing run and pressure tested at 8,627 ft, with drilling ahead into the F and G sands at 8,663 ft. Total depth stays 9,150 ft. Routine progress.
25 Mar 2008drilling result▲ Good
Buccaneer says Pompano Well #2 reached 8,627 ft and the B, C and E sands appear commercial, with E the main target. Drilling was difficult, and a decision on drilling to the F and G sands follows. Elixir holds 25%.
25 Mar 2008drilling progress report● Neutral
Elixir reports Pompano Well #2 at 8,627 ft with the 5½-inch liner run as a contingency after difficult drilling. Hydrocarbon sands found in the 6700, B, C and E sands. Final section now planned to 9,150 ft, down from about 9,358 ft.
18 Mar 2008drilling progress report● Neutral
Elixir reports Pompano Well #2 has 7⅝-inch casing cemented at 8,154 ft and is starting the final section to about 9,358 ft. No hydrocarbon results are reported until total depth. Routine progress.
18 Mar 2008drilling progress report● Neutral
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11 Mar 2008drilling progress report● Neutral
Buccaneer reports Pompano Well #2 at 8,180 ft, preparing to run 7⅝-inch casing before drilling to 9,360 ft. Hydrocarbon shows are withheld until total depth. Routine progress.
11 Mar 2008drilling progress report● Neutral
Elixir reports Pompano Well #2 drilled to 8,180 ft, with logging runs then casing before the final section to about 9,358 ft. No hydrocarbon results are reported until total depth.
4 Mar 2008drilling progress report● Neutral
Buccaneer reports Pompano Well #2 has 10¾-inch casing run to 3,550 ft, with drilling ahead expected next. No hydrocarbon results are reported yet.
4 Mar 2008drilling progress report● Neutral
Elixir reports Pompano Well #2 casing cemented at 3,550 ft, with the next section heading to 8,136 ft. Platform refurbishment is well advanced and flowline test results are due in days. Routine progress.
26 Feb 2008drilling spud▲ GoodMajor
Elixir confirms Pompano Well #2 has spudded, targeting about 9,360 ft in roughly 28 days. This is the follow-up to Well #1's success. Pipeline testing between the B caisson and A platform will decide when Well #1's first gas arrives.
26 Feb 2008drilling spud● Neutral
Buccaneer reports Pompano Well #2 (SL 103230 #1) spudded 24 February 2008 and reached 800 ft. Planned depth is 9,360 ft in about four weeks. Elixir holds 25%.
12 Feb 2008drilling progress report▲ Good
Buccaneer says Pompano Well #1 completion is in its final stages with minor weather delays, flow rates due within 7 days. Platform refurbishment has started, and production is expected in mid-March 2008.